The Secret IRS Files: How the Wealthiest Avoid Income Tax

09 Jun 2021 21:22 #11 by Blazer Bob
“The problem with socialism is that you eventually run out of other people's money.”

― Margaret Thatcher

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10 Jun 2021 06:25 #12 by Wayne Harrison
"The problem with capitalism is that eventually you run out of other people's assets to sell."

- George Eaton

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10 Jun 2021 08:30 #13 by ramage
Went to the internet to see who you were quoting.

Found that George Eaton is a 35 y.o. journalist writing for the British press.

A witty riposte, something that would be expected from Saturday Night Live.

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10 Jun 2021 09:18 #14 by FredHayek

homeagain wrote: IT is not that hard to understand,when U have more,MORE is expected from you....philanthropic,monetary,
and an attitude that "the wealth" is not yours to keep,but rather to pass it on, both the knowledge and the
monetary assistance. JMO

Why does this excess have to be given to the government to squander? Why can't we trust people like Bill Gates who has vaccinated billions with his profits. Better than giving it to the government so they can give terrorists like Hamas hundreds of millions of dollars.

Thomas Sowell: There are no solutions, just trade-offs.

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05 Nov 2021 13:32 #15 by ramage
"It's no wonder our country is drowning in debt, the middle class shrinking, and the poor struggling to raise themselves up: the system is gamed against the majority. Everyone should have to pay their fair share, and these loopholes need to be plugged. When income disparity continues to grow, at some point it will become the match that burns down a nation because people perceive they have nothing left to lose in a system that doesn't provide equal opportunity."
SC June 8, 2021

Again, what is one's fair share? 10% 20% 30% etc.?
What is considered a loophole? The tax code is written by Congress and signed by the President. Is that illegal?

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05 Nov 2021 17:04 #16 by FredHayek
LOL. Now Governor Polis, the richest Governor in Colorado history has been exposed for not paying any taxes last year. But the Democrats and media in the state rally to his defense! #doublestandard

Thomas Sowell: There are no solutions, just trade-offs.

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